What were the headline financial results for FY26?

Systematic Industries reported revenue of **₹556.3 crore**, a **23.9%** increase over the previous year. Profit after tax rose **16.4%** to **₹21 crore**.

What is the significance of the PGCIL contract?

It is the company's first EPC contract for optical ground wire installation. This win improves its qualification status for future infrastructure tenders.

Is the company still carrying debt?

No. The company achieved net-debt free status as of March 31, 2026.

Are these results new to the market?

No. The audited financial results were previously disclosed. This release provides context on strategic shifts and new contract wins.

Earnings · Steel & Iron Products · Micro cap

Systematic Industries hits net-debt free status after FY26 growth

The company reported a 23.9% revenue jump to ₹556.3 crore, alongside a new EPC contract from Power Grid Corporation of India.

— 1 earlier story on Systematic Industries Ltd. →

SYSTEMATIC 27 May 2026 · 8:02 PM IST Verify on BSE · NSE

Mkt cap₹478 cr

P/E26.45×

ROE22.28%

Debt / eq.1.22

₹556.3 cr FY26 revenue, representing 23.9% year-on-year growth.

What's new

Systematic Industries is now net-debt free.
The company won its first EPC contract from PGCIL for OPGW installation.
A ₹10 crore order from Indian Railways was secured.

Why this matters

A net-debt free balance sheet gives the company more room to fund its shift toward higher-margin segments. The PGCIL win is the primary development here, as it provides the technical qualifications needed to bid for larger infrastructure tenders.

What we're watching

Whether the PGCIL contract leads to repeat wins in the OPGW space.
Profitability trends resulting from the shift to higher-value segments.
The impact of the Indian Railways order on FY27 revenue.

The full read

Systematic Industries closed FY26 with ₹556.3 crore in revenue, a 23.9% increase from the prior year. Profit after tax grew 16.4% to ₹21 crore. These figures were already public, but the company used this summary to confirm it is now net-debt free. The operational win is a first-time EPC contract from Power Grid Corporation of India for optical ground wire installation. This win is a gateway, as it improves the company's technical qualification for future large-scale tenders. Management also noted a ₹10 crore order from Indian Railways as part of its push into higher-margin segments. The financial data is routine, but the move to a debt-free balance sheet and the entry into the PGCIL vendor ecosystem are the indicators of the company's current trajectory.

Questions answered

What were the headline financial results for FY26?: Systematic Industries reported revenue of ₹556.3 crore, a 23.9% increase over the previous year. Profit after tax rose 16.4% to ₹21 crore.
What is the significance of the PGCIL contract?: It is the company's first EPC contract for optical ground wire installation. This win improves its qualification status for future infrastructure tenders.
Is the company still carrying debt?: No. The company achieved net-debt free status as of March 31, 2026.
Are these results new to the market?: No. The audited financial results were previously disclosed. This release provides context on strategic shifts and new contract wins.

Mentioned: Power Grid Corporation of India · Indian Railways · Systematic Industries

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SYSTEMATIC →

27 May 2026 · 8:02 PM IST Systematic Industries hits net-debt free status after FY26 growth
1d ago Systematic Industries grows revenue 23.7% in FY26